A Whangarei Town Basin property worth more than $400,000 has been empty for two years while the Whangarei District Council decides what to do with the land and old villa on the site.
The council bought the property at 3 Ewing Rd, which was previously the Willows Childcare Centre, for $430,000 in 2005 along with other properties in the street - numbers 11, 9, 7, 5 and 1 - to develop the aquatic centre.
The property, on which stand an old villa and separate large building, was originally rented out at $270 a week, but had been empty for at least two years, WDC property manager Mike Hibbert said.
Numbers 11-5 Ewing Rd have been developed as part of the aquatic centre expansion and while number one is still tenanted number 3 is starting to look shabby while the council decides what to do with it. The property had a valuation of $410,000 in 2013, the council saying many properties had dropped in value since the global financial crisis in 2007/2008.
Mr Hibbert said in the past 12-18 months the council had explored options for number 3 specifically to secure long-term parking for the Whangarei Marina, just a short stroll across Riverside Dr. The council's plan since buying it has been to remove the buildings from the site.